What did section 141 of the Income Tax (Trading and Other Income) Act 2005 define?

Section 141 defined 'total production expenditure in respect of the original master version' of a film. This concept was used in calculating tax relief available to individuals involved in film production under United Kingdom income tax law, as part of provisions in sections 136 to 144 of ITTOIA 2005.

When was section 141 of ITTOIA 2005 repealed and by which legislation?

Section 141 was repealed by Finance Act 2006, section 178, together with Schedule 26, Part 3(4). The repeal took effect from 1 January 2007. From that date onwards, section 141 and all companion sections 136 to 144 ceased to have any legal effect under United Kingdom law.

What replaced the film tax relief provisions in sections 136–144 of ITTOIA 2005?

The film tax relief regime was replaced by new provisions introduced under Finance Act 2006, which established a different framework operating primarily through the corporation tax system. Practitioners should refer to this replacement legislation for any ongoing or current matters relating to film production expenditure in the United Kingdom.

Can a sole trader still rely on section 141 for film production expenditure?

No. A sole trader who incurred film production expenditure before 1 January 2007 may have relied on section 141, but after that date the rules no longer apply. Any film production expenditure incurred from 1 January 2007 onward falls under the replacement regime introduced by Finance Act 2006.

Income Tax (Trading and Other Income) Act 2005 section 141

Total production expenditure in respect of the original master version

Section 141 defined "total production expenditure in respect of the original master version" for the purposes of the film tax relief provisions, but this section has been repealed and is no longer in force.

Section 141 was part of a group of provisions (sections 136–144) dealing with the tax treatment of expenditure on film production.
The section provided a definition of total production expenditure relating to the original master version of a film.
All of sections 136–144 were repealed by Finance Act 2006, section 178, and Schedule 26, Part 3(4).
The repeal took effect from 1 January 2007, after which these provisions no longer apply.

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